We are an Austin, Texas based publicly held oilfield energy technology products company focused on improving well performance and extending the lifespan of the industry’s most sophisticated and expensive equipment. America’s resurgence in oil and gas production is largely driven by new innovative technologies and processes as most dramatically and recently demonstrated by fracking. We exclusively license intellectual property related to amorphous metal alloys for use in the global oilfield services industry. Amorphous alloys are mechanically stronger, harder and more corrosion resistant than typical crystalline structure alloys found in the market today. This combination of characteristics creates opportunities for drillers to dramatically improve lateral drilling lengths, well completion time and total well costs.

Company profile
Ticker
VYEY
Exchange
Website
CEO
Kevin DeLeon
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
NEW ENVIRONMENTAL TECHNOLOGIES CORP, VICTORY CAPITAL HOLDINGS CORP, VICTORY ENERGY CORP
SEC CIK
Corporate docs
IRS number
870564472
VYEY stock data
Latest filings (excl ownership)
10-Q
2022 Q3
Quarterly report
14 Nov 22
10-Q
2022 Q2
Quarterly report
15 Aug 22
10-Q
2022 Q1
Quarterly report
13 May 22
10-K
2021 FY
Annual report
15 Apr 22
NT 10-K
Notice of late annual filing
31 Mar 22
10-Q
2021 Q3
Quarterly report
12 Nov 21
10-Q
2021 Q2
Quarterly report
16 Sep 21
10-Q
2021 Q1
Quarterly report
14 Sep 21
10-K
2020 FY
Annual report
3 Sep 21
10-Q
2020 Q3
Quarterly report
10 Aug 21
Latest ownership filings
3
Initial statement of insider ownership
23 Apr 18
4
RONALD ZAMBER
17 Apr 18
4
RICARDO A SALAS
17 Apr 18
4
Change in insider ownership
17 Apr 18
3
Eric Eilersten
17 Jan 18
3
KEVIN DELEON
22 Sep 17
3
RICARDO A SALAS
31 Aug 17
4
KENNETH E HILL
25 Aug 17
SC 13D
Victory Energy Corp
1 Mar 17
3
Michael Cosby
28 Feb 17
Financial summary
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Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 101.15 k | 101.15 k | 101.15 k | 101.15 k | 101.15 k | 101.15 k |
Cash burn (monthly) | (no burn) | (no burn) | 62.64 k | 46.80 k | (no burn) | 17.04 k |
Cash used (since last report) | n/a | n/a | 373.25 k | 278.89 k | n/a | 101.56 k |
Cash remaining | n/a | n/a | -272.10 k | -177.74 k | n/a | -404.56 |
Runway (months of cash) | n/a | n/a | -4.3 | -3.8 | n/a | -0.0 |